Thursday, May 16, 2013

EUR GU EJ 16 May

EUR - D closed with a lower wick rejecting move below the support level 1.2878. The move up has been weak. Bias down until flow changes to higher low.

GU - D closed a doji, 4hr shows how the move is running out of steam. Whilst this does give potential for counter trend buy viewing this just as pause in down trend. Bias down.

EJ - As often the case doing analysis does not quite play out but she does give solid signals as the day unfolds. Looking for reaction to the April highs that acted as support yesterday. No bias.

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